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Shares of DocuSign (DOCU), a leader in the e-signature space, has risen 8% in the past month. Although it fell by 3.72% yesterday, it still has good fundamentals to support its continued rise.

The company said in its Q4 and FY 2021 financial results that its business grew by nearly 50% year-over-year, reached almost $1.5 billion in revenues, and achieved a record net retention rate of 123%.  Net retention rate is a churn metric that calculates the percentage of recurring revenue retained from existing customers over time. The company's net retention rate has increased steadily for the past five fiscal quarters, it means that the company's existing customers are continuing to increase their purchases for the company's software products and services.

The digital transformation of agreements is accelerating, the offices will gradually abandon the form of contracts on paper, people are pursuing efficient, well-coordinated and low-cost ways to reach agreements. And DocuSign Notary released by the company last month is one step closer to this vision.

DocuSign Notary gives organizations a trusted way to remotely and electronically notarize agreements. The company said that designed for the emerging anywhere economy, DocuSign Notary makes it possible to notarize agreements through a secure audio-visual session, thereby adding speed, convenience, and cost-efficiency to this essential business function.

In addition, DocuSign's AI technology has already proven that it can resolve more complicated issues for customers. For example, DocuSign Analyzer, a contract analytics solution, which help customers to break contracts down into clauses, analyze them, and give risk assessments that can save customers money on legal review and lost labor hours. 

The post-pandemic era allows people to see the advantages of digital office. DocuSign has a strong paying customer base and continues to attract new customers through its cutting-edge AI application technology. It is expected that the company's revenue will continue to grow in the next few quarters.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.